Menards looking at St. Louis market
Menards may become the first anchor tenant in a vacant St. Louis mall, one of local several sites the Midwest retailer is eyeing for expansion, according to an article in the St. Louis Post-Dispatch.
The developer of the Northwest Plaza shopping center told the County Tax Increment Financing Commission on May 23 that Menards is interested in purchasing 17 acres of the site to build a 160,000 sq. ft. store.
The Eau Claire, Wis. based home-improvement chain is moving into the St. Louis area market and is looking at sites in Richmond Heights, St. Peters and the O’Fallon-Lake Saint Louis area, the newspaper reported.
At 1.8 million sq. ft., Northwest Plaza was the largest in the word when it opened in the 1960s but has since fallen into foreclosure. The $106 million redevelopment project will not be possible without $33 million in tax increment assistance over several phases and $7.8 million in brownfield tax credits from the state for environmental work, the developer said.
Made-in-USA lawsuit fired in caulking gun category
Jessup, Md.-based Newborn Bros. Co. filed a lawsuit May 24 in federal district court in Camden, N.J., against its competitor, Albion Engineering Co. of Moorestown, N.J.
Newborn alleges that Albion has violated the federal Lanham Act and New Jersey law, misleading distributors and customers for years using false claims that Albion’s products are “Made in USA.” Newborn further alleges that Albion sells products imported from Taiwan.
Newborn is seeking an injunction to stop Albion’s deceptive sales, recall and destroy false advertising materials and mislabeled product, and award payment of damages resulting from the unfair competition.
Newborn’s complaint alleges that import reports show Albion buying complete caulking guns and handle assemblies from Taiwanese manufacturers for Albion’s Deluxe, Special Deluxe and B-Line products. The Federal Trade Commission restricts the use of “Made in USA” marking to products that are virtually all made in the United States. Newborn alleges in its complaint that Albion’s products should be advertised and marked “Made in Taiwan.”
Fifty winning retailers, state by state
It takes a little more to be an all-star on the 2012 Home Channel News Hardware Store All-Star list. For the second year in a row, HCN has compiled a state-by-state list of high performers, innovative retailers and classic stores.
The alphabetical listing of Hardware Store All-Stars, one from each of the 50 U.S. states, continues below with Kansas, Kentucky and Louisiana:
Williams Ace Hardware
“If we don’t have it, you don’t need it,” co-owner Nick Dondlinger is fond of saying. Customers come here seeking unusual hardware items or very small quantities. “What we lack in quantity we make up for in variety,” he said. By the store’s estimates, it has given away hundreds of pounds of nails over the years to customers who need a handful for small projects, but don’t need an entire box.
Chevy Chase Hardware
A quarter-century as the trusted local hardware store almost went poof for Bill and Carol Edwards when Home Depot and Lowe’s opened home centers four traffic lights down the road in a manner of months. “We could have handled one, but not both,” Bill Edwards said. “So we moved.” Twelve years later, Chevy Chase is flourishing in its new digs. One customer blogged: “No finer neighborhood hardware store can — nor will ever — be found than Chevy Chase Hardware.”
With six sons to help run the business, the Stine Lumber Co. never worried about succession issues. But the 12-unit chain of home centers — “everything for your home and yard” — still had to face warehouse competition in many of its markets. Its solution: build big. Its average store is 60,000 sq. ft., and the newest location is 80,000 sq. ft., with an attached 40,000-sq.-ft. lumberyard and 20,000-sq.-ft. garden center.